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ASIC Warns Against FirstForex, Fifx and FIFX Global
In another example of a an unregulated forex broker promoting itself as a licensed entity, the Australian financial services regulator, ASIC, has issued a public warning to consumers to be wary of foreign exchange broker, FirstForex. Marketing itself to Chinese and other Asian clients, according to ASIC, FirstForex, and related entities Fifx and FIFX Global using the domain [url]www.fifx.com[/url] are falsely claiming that their services are “under the regulation of Australia (Regulation No. 290600).” The claimed license is that of home loan financing firm, FirstMac, which doesn’t offer brokerage services. ... (full story)